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Morrisons boss' surprise at online delivery popularity

The chief executive of Morrisons has told ITV News' Business Editor Laura Kuenssberg of his surprise at the popularity of online deliveries - and admits his regret over not launching the service earlier:

Morrisons CEO makes supermarket's 1st online delivery

Morrisons CEO Dalton Phillips has made the supermarket first online delivery in the Midlands.

Morrisons blames market for 5.6% Christmas drop

Morrisons suffered a difficult Christmas period. Credit: PA

Supermarket Morrisons posted a sharp fall in like-for-like sales over Christmas, blaming the "disappointing" performance on difficult market conditions, heavy discounting by rivals and the lack of a full online offer.

The UK's fourth largest supermarket chain said its like-for-like sales excluding fuel dropped 5.6% in the six weeks to January 5th.

Including fuel, the drop was 7.1%.

It said it now expected its full-year underlying profit performance to be towards the bottom of the range of current market expectations, which stand at £783m to £853m.

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Ocado will 'continue to source products' for Waitrose

Ocado chief executive Tim Steiner said the agreement with Morrisons would have no impact on its existing arrangements.

We will continue to source products under our long-term agreement with Waitrose, and our customers will continue to benefit from the existing high levels of service, wide range of products and competitive prices that they currently enjoy.

Ocado move a 'significant strategic step for Morrisons'

The launch will see the retailer use Ocado's recently opened distribution centre in Warwickshire for deliveries through a Morrisons-liveried fleet.

The 25-year deal involves Morrisons paying up to £170 million to Ocado to acquire the site and equipment.

This agreement is a significant strategic step for Morrisons.

From a standing start, Morrisons will be competing in the fast-growing online channel by the end of this year with a really compelling proposition.

The customer gets our affordable fresh food delivered by Ocado's state-of-the-art distribution system.

– Morrisons chief executive Dalton Philips
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